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york. the gop is still holding the american economy hostage, and president obama says they wouldn't collect a ransom. this is "the ed show." let's get to work. >> the issue here is whether or not america pays its bills. we are not a dead beat nation. >> the president draws a line in the sand for republicans. >> they will not collect a rans ranson in exchange for the economy. >> on whether republicans will actually listen. one month after sandy hook, the president says he has the vice president's gun recommendations. >> my starting point is not to worry about the politics. >> but will spineless republicans kill reform? one republican threatens impeachment if the president signs an executive order on guns. dan gross of the grady campaign is here regarding comments that the nra is gearing up to sell guns. and former secretary of state colin powell calls out republicans on race. >> there is also a dark vein of intolerance. >> dr. peterson joins me to discuss the republican response. good to have you with us tonight, folks, thank you for joining us. president obama took on the single g
to do is have that take place when the republican position on the debt takes the economy hostage. that is off the table. i think the president is smart to be firm and clear on that. next time it would be democrats if we had a republican president. ashley: would you agree, i know it is out of your area, but the senate has not passed a budget in four years now. would you agree with republicans that it is not the way to go and i could, in fact, be breaking the law without i do agree with them. we actually have not passed the budget. i am with them on this concern about our inability to actually do the basic work that a legislature must do. ashley: i know bernanke, timothy geithner, rating agencies and many more states what is the point of a debt ceiling? we routinely raise it anyway. what is the purpose? >> there is no purpose. the debt ceiling has become a device for fiscal irresponsibility. republicans and democrats both dated. senator obama voted against the debt ceiling increase. if we have this credit downgrade, and we had a credit downgrade, as you know, last august. we have t
as well as the global economy. according to rex macy it is. he thinks there's a good chance that risk fears will rise and, therefore, the market will pull back. will that be the moment for investors to get in. good to see you, gentlemen. thanks so much for joining us. what are you expecting in terms of this market 2013? >> sure. well, right now we're at 1472 on the s&p. we think it's going to go marginally higher from here, but it's not going to be a smooth ride. we've got a vix at 13 and change. that's too low. that's where the complacency comes from. you see it there. as we move into the debt ceiling debate, it can be far harder to solve than the taxes, we think the market can be down for a while, and before it comes back up. >> so you're looking for a decline, and perhaps that is an entry point for some. do you agree with that? >> i think any decline is an opportunity to buy, maria. i'm very, very bullish on u.s. equities and one of the main reasons i am the u.s. energy story which i think is a story that's not being told as well as it should be. in 2012 the u.s. oil production was
hurting the economy, delaying hiring plans, capital investment plans and really everything from auto dealers in cleveland to farmers down in texas have cited the fiscal cliff as a major concern. that's something that's influencing their decision making right now. >> you would expect that given the fact that everybody is in lockdown mode as we wait to figure out what our tax rates are going to be, where the spending cuts are going to be, that it is going to impact the economy. my question is how much of an m impact going to see earnings? are they going to get hit? >> that's the key to the whole thing. as we said, the beige book numbers, when they came out there were cents. see earnings coming out, we will see comments and none are going to be positive. none will be excited about the future, and stock prices and multiples expand when people feel possible about the future. going to impact them? numbers might come in spot on. the whisper numbers, everyone is looking for, meaning hoping the numbers are a little bit bitter. i think as numbers come in, we'll start to see very little moveme
is the economy is getting better. the equity markets have improved. standard & poor's 500 was up. the s&p 500 was up 13%, 14%, up 4% year to date. >> right. >> the economy is starting to show good signs. as long as we don't have it derailed in washington. >> i was just going to ask. >> i think things could get better. >> could washington still screw this up? >> absolutely. i don't think it takes much to have another debt ceiling debate and debacle would not be helpful here. i think there's so much minon the sidelines between the retail investor and the corporate america today, has so much money to invest. get rid of some of that uncertainty and this economy will go. i'm quite bullish about that. >> can you provide guidance for this year without knowing exactly what washington is going to come up with? >> we gave a range. we don't give guidance. we give a range on a conservative side and optimistic side. we're right inside that range. had a great start to the year. we're ahead of consensus. we her record asset gathering and record guidance sales and great control. had a great start. >> had a g
believes that's going to be the major thing to turn around the japanese economy. cheryl: i mean it's almost a currency war, if you will. i mean they are getting into a very crowded space, and with the pressure that we have seen in particular on the dollar, over the last two years, i mean, i'm wondering what that means for us. >> absolutely. they are starting to step on the toes of the fed. you know, the fed has been really priming the pump here, printing money, printing money in efforts to keep the dollar as weak as possible in this risk off type scenario market. so now some of these other central banks are now starting to fight back a bit, and the bank of japan has probably been the most aggressive in doing so with some of the easing that they have already done. cheryl: do you think they will do more easing? is that what you think is going to be the headline here? >> we have pretty much baked into the cake that they will be raising the inflation target to 2% from 1%. they are probably going to extend their asset purchases. they're really talking about different measures to dramatically wea
to make the world economy more green. that's $14 trillion. joining me now, the heritage foundation who focuses on energy, environmental regulatory issues. i have to tell you, you have to hear what they say. the former mexican president talking about the goal here. economic growth and sustainability are interdependent. you cannot have one without the other. what do you say? >> well, if that is the case what we need to subsidize it with taxpayer dollars? if this is such a profitable idea, if the green energy market is a multitrillion-dollar economy, then let the ceos and venture-capital this figure that out. while this been a your money in my money? it makes economic sense. this culture of promoting these ideas with government capitol only creates government welfare or corporate welfare and creates corporate dependence. gerri: companies that fail as we talked about some many times in the show. whether you're talking about solyndra or a number of others that our government financed. you would think that maybe these are just wacked-out the trees coming of the wild ideas. and back, this gre
on the economy and that, but not at the expense of social security, medicare, and medicaid >> we, the people, still believe that every citizen deserves a basic measure of security and dignity. we must make the hard choices to reduce the cost of health care and the size of our deficit. but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. lori: the president giving his second inaugural address this morning. rich edson now joining us from washington d.c., and that was certainly a politically partisan address we heard from the president. >> reporter: well, it was a defense of the political theory, awaited the u.s. should be governed and should govern itself. i would almost characterize it as something along the lines of a response to what we heard from president reagan in 1981 when he said government is not the solution to our problems, it is the problem. president obama making the case that the government is not necessarily our problem. together we could do great things. together w
of the issues, regulatory issues and housing was really good today. the economy is feeling better and investors aren't feeling bad. earnings numbers pretty solid so people are voting with their dollars right now. things are positive. >> for how much longer, mike? you have to admit, a pretty good run for a while now. are we due for a pullback of some kind? >> due for a rest or a pullback, would i say, but i don't think it's anything that looks like it has to be too dangerous. in addition to all the things michael is talking about, the market's refusal to go down when everybody else is saying it's overbought, probably contributed to the fact that we have this give up move higher. chatter today that maybe the republicans won't go down to the wire and contest the debt ceiling increase. all these things have swept away a lot of nagging concerns and the next thing to worry about is people don't know exactly what the next thing to worry about s is. >> let's turn it over to you. what are you expecting throughout the rest of this earnings season. we haven't had any major blowoffs, but we're not talking
sensitive to the economy commodity in the world. ip took out a lot of capacity. ip is a genius. this company's had an unmitigated run. capacity's constrained, prices going up, 95% of capacity. that is like -- you can put the price increase after price increase, that says the economy is much stronger than expected. this is the first commodity to raise prices big when things get better. they're raising prices consistently. very bullish. >> that is a great, great tell. still more to come this morning. get ready for an ipo hat trick, sunco energy partners, norwegian cruise lines, all making their debuts this morning. stick around to see how they open for trading. the opening bell is just a few minutes away. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. ♪ [ indistinct shouting ] [ male announcer ] t
in part, difference to the sluggish economy and the challenges that the nation faces and the crowds will be smaller. george h.w. bush and george w. bush won't be here. there have been pres debts where presidents in the past haven't made it. george h.w. bush just got out hospital, which is why they won't be here. mitt romney won't be here. the last time a vanquished opponent didn't show up was in 1985 for ronald reagan, and walter mondale was a no-show. that was the last time that the 20th state fell on a sunday and they had to do the monday as i rememberrial, versus another day. and back in those days, it was the coldest one on record, 7 degrees. there will be differences between the obama 2009 and 2013. four years ago, the crowd estimate was nearly 2 million people. there is a big parlor game about whether the crowd estimates on the mall are ever accurate. but nearly 2 million. now they are saying between 600- to 800,000. and there are a series of other things. and the money. four years ago, the obama administration, the obama campaign raised $53 million for the inaugural with pers
and the economy in general. and about the market. let's start with the news, the market had a great day today. the s&p 500 close to or at a five-year high right now. why is the market doing so well even though the economy is still kind of in a slow move? >> david, nobody can explain the day-to-day moves in the market anmatter how hard we try. the market discounts well in advance of what we mere morals are able to do for my day-to-day. other days you're not sure why. i would be hazarding a guess, i don't know why. david: a lot of people have speculated about this from the "wall street journal" and others that it is the contention in the specific intention of the federal reserve over the past year or so to pump up the market. is that true? >> certainly this is in effect have a much lower interest rates. you can do the math, historically low rates for corporations in america public or private, large or small. medium-sized. have a very small balance sheets, redoing the balance sheet, reposition their debt at much lower prices. it'd just get some clarity as you know, a little more clarity, a lot m
for the markets and the economy? >> i hope so. if what the republicans are talking about is let's have this debt ceiling skirmish every quarter, every three months, nobody is going to like that, especially the markets, and for very good reason. if what they're say something we're not going to play debt ceiling leverage anymore, which has obviously been the president's position, that's good. my feeling is it's probably the latter. i think there are enough kind of economic grown-ups in the room to really control the folks who have threatened to use that kind of leverage. >> but the senate has not had a budget resolution pass through the senate in, what is it, four years now? >> april, 2009. >> that feels to me pretty shameful frankly. i don't know the politics and i'm not exactly sure why that's the case, but isn't that a critical step in bridging the gap and making progress on these issues where you can not go to these sort of extra legal things like using the debt ceiling as leverage, but you can use the process as it is intended to be used. >> i agree, and it's an interesting quid pro quo for t
economy. share your thoughts with us on facebook and on twitter using the hash tag edshow. we're coming right back. >>> it is a sad, sad day. but it's also your day, noah, my little man. i will miss your forceful and purposeful little steps stomping through our house. i will miss your perpetual smile, the twinkle in your dark blue eyes framed by eyelashes that would be the envy of any lady in this room. most of all, i will miss your visions of your future. >> welcome back to "the ed show." that was veronique pozner, giving the eulogy at the funeral of her son noah. noah pozner was one of 20 children killed at sandy hook last month. he was just 6 years old. veronique and her family, as well as other newtown families are fighting for reform in house of representatives of stopping another tragedy. and tomorrow the president will unveil a set of proposals to curb gun violence in this country. the president's recommendations are said to include universal background checks, a high capacity magazine ban, and a renewal of the assault weapons ban. nbc news has also learned that the president's r
countries. why this site specifically? it is about gas and oil, that is the backbone of the economy and of course that is of great interest for the europeans who import from algeria. melissa: why attack in algeria for what is happening in molly? you can see they are neighbors, but why would this be the best way to make a statement, do you think? >> algeria has opened its airspace between friends in the north and the train into mali. it aided france in attacking al qaeda in mali. this is a lesson, a revenge against algeria to stop them from along the french across into mali. melissa: what is our role, what is the proper response for us? there are americans involved among the hostages, we have a drone overhead but it is limited given the algerian military is on-site. what can america do and what should we do? >> that is things we cannot talk about what the government will not talk about. obviously a special mission is being prepared that would emerge if they're executed, but let's be clear, the lead is the algerians. they are on the ground surrounding the flight. some hostages have be
economy next. it's a new day. if your a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, headache, diarrhea, vomiting, and increase in psa. s
descending on the tiny ski town off davos, switzerland for the world economic forum. the economy will be front and center as the group's founder has warned the world has not yet escaped the risk of economic collapse? do we ever. we have davos covered all week long. you will not want to miss a minute with liz claman. she sits down with richard gelfond, imac ceo. that is right here on fox business. she has a slew of guests. all the all-stars. lori: want to take a trip to a warmer climate? southwest airlines announcing well, it might cost you a little more especially if you want to board early. a $40 fee guaranties passengers get to be one of the first 15 people in line to board. travelers who want to be first on the plane can purchase the option at the gate up to 45 minutes before boarding. but space is limited. only 15 of these early passes will be sold. southwest, the nation's most popular domestic airline already charges $10 for early bird check-in service but early bird service improves your spot in the boarding queue. doesn't guaranty a specific spot like the fee will and grab
" live from the dubliner coming up. >>> the state of our economy calls for action bold and swift, and we will act, not only to create new jobs but to lay a new foundation for growth. we'll build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together. we'll restore science to its rightful place and wield technology's wonders to raise health care's use and lower its cost. >> here we are four years later. why not come back to the dubliner? all you did too. my, lord. the line goes around the block. a wonderful, joyful crowd. thank you all for coming. joining us now with the politico playbook, the politico executive director jim. >> i'm always a dose of sunshine in the morning. you guys were talking about ted cruz and his comments on gun control. i think what people need to realize, ted cruz is a mainstream republican with this senate and this house. his views, he's not on the conserveative edge of the party. that is the party. when you think about the budget, think about gun control -- >> saying the president exploited
be a financial disaster, not only for our country but for the worldwide economy. i don't think it is a question that is even on the table. >> and the last question of his press conference, the president was asked if he may be more successful with some of the nuts you just heard from if he spent more quality time with them. >> you and your staff are too insular, that you don't socialize enough. >> this, of course, is one of the great myths of governing, that intractable problems, political problems, can somehow be solved over a card game and a couple of drinks. that has never, ever been the case nor will it ever be the case. >> i like speaker boehner personally. and you know, when we went out and played golf we had a great time. but that didn't get a deal done in 2011. >> the president actually had to remind the media that congressional behavior is the result of democracy. >> now if the american people feel strongly about these issues and they push hard and they reward, or don't reward members of congress with their votes, if -- you know if -- if they reject sort of uncompromising positions or s
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the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not at bargaining chip. >> on tuesday following a meeting that took place in the west wing, president obama surmounted a huge hurdle in the nomination of chuck hagel to be defense secretary when influential new york senator chuck schumer gave it his blessing. yesterday the president forcefully and emotionally laid out his proposals to curb gun violence and challenged americans to confront the representatives and stand up to the nra. let's listen. >> ask them what's more important, doing whatever it takes to get an "a" grade from the gun lobby that funds their campaigns or giving parents some peace of mind when they drop their child off for first grade. >> joining me is former rnc chair and machines contributor michael steele and democratic strategist bob shrum. shrummy, i have to start with you. it sounds like you got into the president's ear. i know you haven't that i know of, but he's starting to charge this campaign for the second
: to the nation's still-recovering economy. >> he is addicted to spending and those are policies that will hurt our country long term. >> reporter: and tonight, a top white house adviser tells nbc news that the president has finished writing his remarks for his inaugural address tomorrow that he will deliver shortly after completing the ceremonial oath of office. tomorrow night the obamas, lester will celebrate with two inaugural balls compared to ten four years ago. >> all right, peter, thank you. >>> and washington is getting ready for the spectacle that brings at least a sense of unity to this city once every four years. nbc's kelly o'donnell is outside the capitol with that story. good evening. >> reporter: good evening, lester this is where it all happens for what is the grandest photo op in american politics. tomorrow, we will see the president walk through that red drape behind me and he will take the ceremony y'all oath and deliver his inaugural address at the front of that stage. just final touches to go. and counting down to that moment, there was actually plenty to see today. save al
in d.c., and worse, they think washington is hurting the economy. the whole poll is on our website right now. nbcnews.com. >> boy, those numbers didn't have much far further to go. chuck todd in our d.c. newsroom tonight. thanks for all of it. >>> weather is making news tonight. a very large winter storm system has left quite a bit of snow on the ground from the deep south, and we're talking about mississippi, alabama, rare snow on the ground there, to the mid atlantic tonight. systems moving fast, but the snowfall where it's falling is heavy and intense. there is one storm-related death to report. thousands are without power. you're looking at a live picture of the scene outside richmond right now. they could get up to 6 inches there tonight with a rain/snow mix, hazardous travel expected tonight, right up through the carolinas. it will all move out to sea by tomorrow. it will knick the jersey shore and at least long island on its way out. >>> still ahead as our broadcast continues, the mystery coming ashore. the tsunami trash that floated halfway around the world. tonight, what s
and diversified our economy. we decided we would be business friendly. we also did not have subprime mortgage. we did not have housing fall. foreclosures never really got serious. we kept people in their homes and kept them working. connell: we hope you enjoy the rest of your stay. dagen: we are glad the texans lost. [ laughter ] we are from the northeast. i am just kidding. thank you so much. near record low water levels in lake michigan causing cargo ships and barges to liken their loads. connell: let's go to steve now on how it can impact your wallet. >> because we have had such low water levels, it will impact your wallet. it has been dry in the region. we have had light rains in the summertime in that has produced lower water levels in all of the great lakes. if you are wondering just how low it is, we have a graphic to show you. between 87 and 97, the water drop a foot. between 94 another foot lower. it is at historic low water levels in lake michigan. cargo companies will have to carry less. >> you cannot strike bottom. you have to maintain a safe distance. when the water levels go down, w
people don't believe should be slashed, that we're going to threaten to wreck the entire economy. >> it's unacceptable for some republicans in congress to hold middle class tax cuts hostage simply because they refuse to let tax rates go up on wealthiest americans. >> sean: gun at the head of the american people and republicans hostage takers and mr. president, comments like that are responsible for the gridlock in washington and whether or not mr. president, you like to believe it, you're to blame. and with us, stuart varney and co-host of "the five", dana perino, it never stops. >> at least he's consistent? good point. >> there are -- when there's a saying, you know, don't believe your own hype. i also think that in some ways presidents should not read their own press. there are always going be to be critics and i remember george w. bush did not spend a lot of times reading the nasty things that people said about him. he would say, look, this is where i think we need to go, this is a policy and help me get there. and he would try to bring in people from the other side to get that done.
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you might not run, and his answer was, if the economy tanks, if things don't go well, it's not going to be great for me, was his sort of implication. if things work well, let's take a look at it then. and that's where they have to work together to turn the economy around. because that's of course what is going to be -- >> even if he decided not to run, he would keep that a secret as long as he could. because that's his leverage, isn't it, david gergen? we knew in the second term dick cheney was not going to run in the bush years and you saw he lost some foreign policy issuei. if the first year, he was dominant. and he was not as big a force in the republican party because people knew he was not going to be on the electoral battlefield. >> i think that's right, john. from his point of view, what he also -- he has to worry not only about whether hillary clinton's going to get in, not only about his own age and health, he has to worry about the overall success of this partnership. he has a very strong self-interest in seeing barack obama succeed. as you well know, after eight years of o
every year. believe it or not the flu costs our economy $87 billion. i don't know about you but regardless of all the medicine and remedies and germ sanitizers available it still seems like everyone i know is either out with the flu or they're panicked about getting it. makes me wonder if we need to take a step back, take a deep breath and ask of all the money we're spending is just going down the drain? with me is dr. sreedhar potarazu. head of vital spring technologies. dr. p, welcome back to the show. >> thank you for having me back. melissa: stop the purell madness. i'm surrounded by it here on the set because we have it all over the building. everyone is sick. everyone is panicked. you hear my voice. everyone we're all sick but we're purelling ourselves to death. is it not working? >> well, do you have a bottle on your desk right now? melissa: it is funny that you should say that because, yes i do. i have one in my purse. and -- >> turn the bottle around and tell me what the percentage of alcohol is in that? >> 70%. >> that one is okay but a lot of them below 60%. melis
, you have to see the economy get better. that could happen. i'm hoping it will happened. i'm just not sure if this is the time to put new money into goldman sachs, if we're sure not sure that will play its way out. it's just a matter of, how long does it take for the uncertainty to get out of the way, so companies can get back to making acquisitions. >> jeff, do people give you a hard time when you cut the ratings and yet boost the price targets? that gets made fun of a lot. >> yeah, we do get some for it. the price target increase, it's very form layically driven. what our pick it into our what it's done over the last decades, and the price target -- i don't think 1.1 times tangible is expensive, but we do get some push back on that for sure. >> i'll bet you do. we had a discussion earlier about whether the go long money center short liegen center will last other reverse. do you have a view? >> i would expect it to last, maybe continue. the pressure is hitting the bank industry right now. i think the money center banks have a usneaks advantage to not have as much pressure and exp
. >>> president obama warns republicans they won't get ransom for agreeing not to crash the economy. he's talking tough ahead of the next big fight with congress over the debt ceiling. >>> the president said vice president biden has presented him with a list of common sense steps to prevent gun violence. but the biggest question is how much of it the administration can actually get passed through the congress. >>> and watching last night's golden globes, one thing was clear to me, america once again feels good about itself. we've got a new sense of optimism, and the movies show it. >>> the latest attack on science by a republican member of the house science committee. what a strange name for that crowd. that's in the "sideshow" tonight. and this is "hardball," the place for politics. >>> one week away from president obama's second inaugural, and all this week we're going to be looking back at great inaugural moments from the past. back in 1993 the 46-year-old bill clinton took the oath of office for the first time. he became the first baby boomer in the white house and told the country that chang
, was the economy and jobs. right? this was an address that really was very aspirational in many moments, and especially talking about equal rights, and at the same time i think there are a lot of americans out there saying right, but what i'm really concerned about right now is where are we going on jobs? what is the future of the american economy? what's the future of the american middle class? i know he will be talking a lot about that during his state of the union speech, so that's obviously his chance to do that. >> he was talking to rachel maddow last night, and she said in the past you have heard people sort of check a box, gay rights, civil rights. there was a feeling in the way he framed on that platform it felt different to her. it felt different to me. that was your reaction as well? >> it felt different to me as well. we're all sitting around whether we're journalists or not. we're listening for things. from our own experiences. so when i heard the president of the united states say stonewall after saying seneca falls and selma, sort of an electric shock went through me. whoa
there are ways that we can do it, but to say that we're not -- we're going to jeopardize the economy of the united states and frankly even the world by not paying the bills that have already been incurred is absolutely -- [talking over to each other] david: you were willing to bring us to that brink in 02, 04, and 06. >> no i wasn't. david: you voted in favor of keeping the debt limit ceiling right where it was, that was the same kind of danger in going over into that default mode, no? >> it wasn't because that was a kind of protest vote knowing very full well that this was going to pass. are we seriously going to not let president bush pay for the debts that had been incurred? i absolutely would have voted in favor of raising the debt ceiling. david: final question about spending because i'm getting a wrap here. >> sure. david: we had in 2008 we had spending level of about 3 trillion dollars. in 2009 that ballooned up about 20% to about 3 1/2 trillion dollars. now, a lot of that was because of the stimulus program, which was part bush and part president obama. but then we remained a
of expectations and its shares turned negative after-hours. >>> good news on the u.s. economy led to an early slide for gold. swung back late in the session and hit a one-month high settles at 1690.80 an ounce. >>> our top story is the frightening situation in algeria where a botched attempt to free hostages from bp's natural gas complex turned deadly. al algerian source tells reuters 30 hostages were killed. seven foreigners, two japanese, one britain, a french national. seven americans are missing. the white house is saying some are not accounted for. fox news learned two americans are on their way to london. bp is pulling nonessential personnel out of algeria. details here still very fluid. there is a lot of conflicting reports out there. here to help us sort it out, john bolton, former ambassador to the united nations. he is also a fox news contributor. i want to start out, can you put this in perspective for us. how big of a deal is it to the u.s.? >> i think we should consider it very significant. even though it is in algeria a long way away. when you combine it with the hostilities in
the end of a decade of war, and touted the economy. >> the commitments we may teach each other, these things do not sap our nation, they strengthen us. >> reporter: the president mostly refrained from partisan jabs but appeared to single out his former gop opponent mitt romney with this line. >> they do not make us a nation of takers. ♪ >> reporter: filling the air with patriotism, the voices of kelly clarkson and beyonce. ♪ >> reporter: there was a poem and prayers. as he left the front of the capitol, a nostalgic president turned back toward the lincoln memorial. >> i want to take a look one more time. i'm not going to see this again. >> reporter: before the president gets back to work, he heads to the washington national cathedral for an interfaith service for prayers to be offered up for the country and the president. it's a tradition that dates back to fdr. soledad. >> dan lothian, thank you. for the night and parties at night, really party mode in the nation's capital, while the number of official parties was scaled back from ten official parties four years ago to two
with the economy, social issues and government spending. she'll have four more years in her high profile position as first lady and agenda, all while making a fashion statement doing it. it sounds so shallow, doesn't it? pulitzer prize winning journalist robyn jiovan, good morning. thank you for being here. >> good morning. >> it always sounds so silly when you talk about the first lady's fashion but there is meaning behind it. please expound on that. >> yes, you know, i think it's one of the things that frustrates people within the fashion industry and probably a good deal of people who cover it. there seems t be this idea that these dresses, these suits that people wear and that they buy somehow just sort of drop out of the sky, that they're made by elves or something. we're talking about a $350 billion industry, an industry made up of a tremendous number of small businesses who, that employ actual live people. so to have a conversation about the impact of a first lady really underscoring the american fashion industry is really a conversation about a first lady who is celebrating american busin
year and the fourth year. >> harder when he's a candidate to an achieve. the economy, they said if they passed the massive unemployment, it'd keep under 8%, it was spiked up to 10% and down to 7.8 and they say it's a fail. and killed osama bin laden, and passed health care, what kind of program we'll be we're only getting it now, it passed two years ago. >> alisyn: and iraq, promised to end iraq and making steps towards that as well. >> iraq and afghanistan. >> although unemployment continues to be a problem. i read this morning one more person unemployed, manti te'o's imagery girlfriend has lost her job. >> her imagery job. >> she didn't show up. >> we found out she was alive before she didn't exist. >> and people in kentucky picked up a phone and senator mitch mcconnell was calling them on the television and recorded a message sent out to about 250,000 people who live in kentucky. and who own guns who are hunters and he personally pledged as the minority leader in the u.s. senate, he will not allow the president's gun control measures to go through. and here is a little bit of
the president accused republicans of trying to collect a ransom in exchange for not crashing the u.s. economy. they are demanding more spending cuts before they agree to raise the nation's debt ceiling. the debt ceiling is announcing the amount of money the states can borrow. today the president responded to some republicans who say they are willing to shut down the government if the president doesn't back down. ultimately congress makes decisions about whether or not we spend money and keep the government open. if they decide they want to shut down the government in order to get their way they have the votes in the house of representatives to do that. i think that would be a mistake. >> john boehner responded the american people do not support raising the debt ceiling without reducing government spending statement. wendell, a government shut down, is that something that really might happen? neither side is ready to blink yet. he has laid out they are ready to compromise if possible that could lead to a government shut down although probably not right away. president obama suggested right bef
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of the economy. for example, former defense secretary robert gates has warned the rising -- he has warned of rising military costs for years. >> sharply rising health care costs are consuming an ever-larger share of this department. growing from 19 billion 234 in . >> military health care costs have gone up 300% in the past decade. 2012 was the first year since 1995 military personnel saw an increase in health care premiums. now, there are two things republicans love. the military and reducing the deficit. republican should be thrilled with the public option. how can you make a hundred billion dollar mistake? who's doing the math? will it save or won't it save? let's turn to the author of the bill, january schawowsky of illinois. >> i'm so happy that wendy is doing well. >> thank you. we appreciated your phone calls very much. congresswoman, the math? >> the estimate is it's $104 billion over 10 years. it saves the government money. in terms of the subsidies, in the exchanges, it would be one option that americans could choose the cost would be 5-7% less and it would be an anchor pulling
is indictative of what people say is bounce back coming up in the economy. >> listen to (auctioneering) >> it is the prices that ratchet up. >> people are looking to what they put their money into . cars outperformed the stock market and my portfolio is in cars. >> it returns 11 percent . outstripping wall street. the week long auction, this year will register a billion in lines of credit. the iconic models like the 1968 green hornet to expected to go for four million . bat man and super hero to be found. >> they had in the script. i said well, if you are going to have pow, bang . oil squirs. i am going to have the car perform and act like it. >> this is what i had them to do. the car became a star. >> the action continues right through saturday night . now we are hearing that the 1968 green hornet goes for five million and clark gables car. in the end 1.9 million . extraordinarily exciting time and we'll see the 2014 corvette and the first model off of the production line. vin 000 1. someone will pay millions for that. that is extraordinary. i was excited to hear you say holy hub cap
, you know, involves taking, that it is something that helps us develop our economy and that people need medicaid and medicare. >> actually, we have that clip while you're referencing that. do we have that cued up, guys? can we just play that brief clip there? roll that. i think we've got it. >> the commitments we make to each other through medicare and medicaid and social security, these things do not sap our initiative. they strengthen us. they do not make us a nation of takers, they free us to take the risks that make this country great. >> i saw that as essentially sort of a bottom line on the election that got him to this day. >> yes. >> maybe a signal about what is to come in terms of the governing fights in washington. >> absolutely. it is quite likely that there will be some give and some compromise. but he is creating a bottom line here beyond which he will not go. and that is a very strong signal for these budget fights to come. but writ more broadly, i was thinking of martin luther king jr. and of equal rights and of the refrain that, you know, our job is not done, what he bas
for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ it's eb. want to give your family the very best in taste, freshness, and nutrition? it's eb. want to give them more vitamins, omega 3s, and less saturated fat? it's eb. eggland's best eggs. eb's. the only eggs that make better taste and better nutrition... easy. eggland's best eggs. better taste. better nutrition. better eggs. it's eb. >>> it's a day to remember for women es rights. 40 years ago today the supreme court's landmark decision roe versus wade established a woman's constitutional right to an abortion. and today growing support for that right. 70% say roe versus wade should not be overturned. highest percentage ever. and for the first time a majority of americans say abortion should be legal in all or most cases. but gue
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